Suppose that you wish to find a population proportion \( p \) with accuracy \( \pm 2\% \) with 99% confidence. What sample size \( n \) would you recommend if \( p \) could be 0.5? What if the population proportion \( p \) can be assumed to be no larger than 0.40?

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Answered: Suppose that you wish to find a…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Suppose that you wish to find a population proportion p with accuracy ±2% with 99% confidence. What sample size n would you recommend if p could be 0.5? What if the population proportion p can be assumed to be no larger than 0.40?